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Hunter Biden To Plead Guilty To Three Federal Charges

US

CNN has reportedthat Hunter Biden, son of US President Joe Biden, has agreed to plead guilty to three federal charges - "...two federal tax misdemeanors and one charge tied to gun possession..."

  • Although the news isn't market moving in itself, it may significantly influence the outcome of the 2024 presidential election and lend credence to GOP accusations of corruption leveled at the Biden family.
  • House Oversight Committee Chair James Comer (R-KY), leading a House probe into the Biden family, has gone to lengths to link the behavior of Hunter Biden and President Biden.
  • Comer said last month: “I don’t think anyone in America … would think that it’s just a coincidence that nine Biden family members have received money.... We believe that the president has been involved in this from the very beginning. Obviously, we’re going to continue to look.”
  • The news may also undermine voter perceptions of President Biden's integrity at a time when Democrat strategists would like to campaign on a message that former President Donald Trump's actions should preclude him from holding office.

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